I took this trade after seeing a 2 indecision candles, which I felt was confirmed by the next 1-minute candle. I went in with the low of the previous candle as my stop loss, putting me roughly at $.10 risk. I then took profit on 1/2 my position when I was roughly up $.05 and moved my stop loss up as the stock trended upwards. I used the low of the previous 1-minute candle as my stop loss guide.
I wish that I would have waited to sell 1/2 my position until I was a little higher up on profit, but I wanted to make sure that I secured a breakeven / small profit if the trade went south. I also wish that I would have added more to my position after the stock moved past VWAP, which I didn't do.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-10 09:43:10 | TQQQ | buy | $19.880 | long |
2022-11-10 09:43:10 | TQQQ | buy | $19.880 | long |
2022-11-10 09:44:34 | TQQQ | sell | $19.930 | long |
2022-11-10 09:51:55 | TQQQ | sell | $20.200 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!